Plains GP Holdings price target raised to $23 from $22 at Mizuho

Mizuho raised the firm’s price target on Plains GP Holdings (PAGP) to $23 from $22 and keeps an Outperform rating on the shares. The firm cites the company’s shift toward a pure-crude portfolio for the target bump. Plains’ greater exposure to a softer Permian crude backdrop is being outweighed by the benefits of a strengthened crude platform, the analyst tells investors in a research note.